Trade of the day: General electric (GE) and

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Today we are opening a new bearish trade on General electric (US:GE).

Report GE last week was “less bad” than expected. However, resistance holds and the stock falls.

The current management is facing protests at the shareholders ‘ meeting and promises about fixing the company after a difficult year that doesn’t Bode well for the stability of GE.

We believe that the downtrend is likely to assert itself and that the stock will break to new lows in the short term.

To open a GE June 14 put (GE180615P00014000) at the maximum price of $0.69.

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InvestorPlace advisors John Jaguars and S. Wade Hansen, both on the Charter market technician (CMT) persons who are co-founders and the co-editors of slingshot trader, a trading service designed to help You make options news trading. The next slingshot trader trade and you today 1 month free by clicking here.

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